ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
The company is Consolidated Communications (CNSL)
I sold a ‘large long-term position’ in 2018. I purchased a minuscule amount for my IRA earlier this year.
My interest in the company isn't for investment purposes, as I believe a dividend cut is inevitable, & have no interest in adding shares.
’Part’ of this company used to be my hometown telephone provider, & I'm friends with a couple people who've worked there over 25 years.
Obviously they're concerned.
Shares were trading at $12 early this month, but have suffered a horrific descent over the last 8 trading days, & are now below 9.00
Dividend yield is around 17.00%
The last time CNSL made money, was Q-2 of 2017, 16 cents.
They’ve lost money in each of the following 5 quarters. Losses ranged from 0.04 to 0.10
2019 estimates are for a loss of 0.04 & a loss of 0.41 in 2020
In Q2-2017, when they last showed a profit, revenues were 170 million. (This was before the latest merger)
Revenue for the following 5 quarters. $356.40 - $356.04 - $350.22 - $348.06 - $344.80 million - a sequential drop, & losses every quarter.
Revenue estimate for the current quarter is $338.35 million, another sequential drop.
All figures included were taken from this site.
https://www.marketbeat.com/stocks/NASDAQ/CNSL/earnings/
I sold a ‘large long-term position’ in 2018. I purchased a minuscule amount for my IRA earlier this year.
My interest in the company isn't for investment purposes, as I believe a dividend cut is inevitable, & have no interest in adding shares.
’Part’ of this company used to be my hometown telephone provider, & I'm friends with a couple people who've worked there over 25 years.
Obviously they're concerned.
Shares were trading at $12 early this month, but have suffered a horrific descent over the last 8 trading days, & are now below 9.00
Dividend yield is around 17.00%
The last time CNSL made money, was Q-2 of 2017, 16 cents.
They’ve lost money in each of the following 5 quarters. Losses ranged from 0.04 to 0.10
2019 estimates are for a loss of 0.04 & a loss of 0.41 in 2020
In Q2-2017, when they last showed a profit, revenues were 170 million. (This was before the latest merger)
Revenue for the following 5 quarters. $356.40 - $356.04 - $350.22 - $348.06 - $344.80 million - a sequential drop, & losses every quarter.
Revenue estimate for the current quarter is $338.35 million, another sequential drop.
All figures included were taken from this site.
https://www.marketbeat.com/stocks/NASDAQ/CNSL/earnings/